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2022
Exports $15.7MWorld Rnk 70 / 196
Flag Rnk 291 / 1127
2022
Destination $857k United States
2021 - 2022
FASTEST GROWING MARKET $857kUnited States
2022
PRODUCT COMPLEXITY IN Chocolate0.14Rnk 508 / 1025
2022
Imports $256MWorld Rnk 32 / 225
Flag Rnk 128 / 1201
2022
Origin $27.9M Indonesia
2021 - 2022
FASTEST GROWING ORIGIN $27.9MIndonesia
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $15.7M in Chocolate, making it the 70th largest exporter of Chocolate in the world. At the same year, Chocolate was the 291st most exported product in Philippines. The main destination of Chocolate exports from Philippines are: United States ($3.22M), China ($2.65M), Thailand ($2.07M), Indonesia ($1.42M), and Japan ($851k).

The fastest growing export markets for Chocolate of Philippines between 2021 and 2022 were United States ($857k), Indonesia ($346k), and China ($329k).

Imports In 2022, Philippines imported $256M in Chocolate, becoming the 32nd largest importer of Chocolate in the world. At the same year, Chocolate was the 128th most imported product in Philippines. Philippines imports Chocolate primarily from: Indonesia ($50.6M), United States ($45.7M), Malaysia ($38.4M), China ($32.4M), and Germany ($13.5M).

The fastest growing import markets in Chocolate for Philippines between 2021 and 2022 were Indonesia ($27.9M), United States ($10.8M), and Malaysia ($9.25M).

Latest Trends

October 2024

About

Overview In October 2024 Philippines' Chocolate exports accounted up to $766k and imports accounted up to $31.7M, resulting in a negative trade balance of $31M. Between October 2023 and October 2024 the exports of Philippines'   Chocolate have increased by $116k (17.8%) from $650k to $766k, while imports increased by $5.2M (19.6%) from $26.5M to $31.7M.

Destinations In October 2024, Chocolate were exported mostly to Malaysia ($214k), Vietnam ($207k), Hong Kong ($93.3k), South Korea ($90.8k), and China ($43.5k), and were imported mostly from Malaysia ($5.79M), Indonesia ($4.39M), Switzerland ($3.86M), United States ($3.16M), and Australia ($2.3M).

Growth In October 2024, the increase in Chocolate's year-by-year exports was explained primarily by an increase in exports to China ($427k or 584%), Thailand ($9.04k or 10.6%), and United Arab Emirates ($2k or 1k%). In October 2024, the increase in Chocolate's year-by-year imports was explained primarily by an increase in imports from Switzerland ($998k or 304%), Netherlands ($764k or 6.59k%), and India ($379k or 61.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$116k(17.8%)
IMPORT GROWTH (October 2023 - October 2024)$5.2M(19.6%)
MAIN DESTINATION (October 2024)Malaysia$214k

This section shows Chocolate's exports and imports data at subnational level for Philippines. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Chocolate over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$15.7M
IMPORTS (2022)$256M
NET TRADE (2022)-$240M

In 2022, Philippines exported $15.7M in Chocolate. The main destinations of Philippines exports on Chocolate were United States ($3.22M), China ($2.65M), Thailand ($2.07M), Indonesia ($1.42M), and Japan ($851k).

In 2022, Philippines imported $256M in Chocolate, mainly from Indonesia ($50.6M), United States ($45.7M), Malaysia ($38.4M), China ($32.4M), and Germany ($13.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Chocolate EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$857k (36.3%)
Indonesia$346k (32.2%)
China$329k (14.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chocolate BY Philippines WERE (2021 - 2022):
Malaysia-$149k (-26.9%)
Australia-$97.1k (-26.4%)
South Korea-$57.1k (-12.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Chocolate were:
Germany $5.61B
Belgium $3.01B
Italy $2.46B
In 2022, Philippines's main importing competitors in Chocolate were:
United States $3.81B
Germany $2.53B
France $2.33B

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Trade Value of Chocolate by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.34M
TOP IMPORT POTENTIALGermany+ $8.64M

Chocolate’s highest export potential is United States. With an export gap of $3.34M.   Chocolate’s highest import potential is Germany with an import gap of $8.64M.

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